Concussion Imaging Market Size to Surpass US$ 10.51 Billion by 2031 - Growth Plus Reports
Growth Plus Reports
6 min read
Growth Plus Reports
Newark, New Castle, USA, June 20, 2023 (GLOBE NEWSWIRE) -- According to a new analysis by Growth Plus Reports, the global concussion imaging market is estimated to be worth US$ 10.51 billion by 2031, with a revenue CAGR of 3.95%. The study examines the key strategies, factors and prospects, competitive landscape, evolving industry patterns, market size, financial information and forecasts, and potential business opportunities.
Key Takeaways:
The increasing prevalence of concussion caused by road accidents and sports injuries will drive market growth.
Increasing need for early diagnosis will support market revenue growth.
North America will dominate the global market with the largest revenue share.
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
Market Drivers rising rates of concussion due to sports, road accidents, and military operations are the primary factor driving the revenue growth of the concussion imaging market. Furthermore, the enhancement of concussion diagnostic accuracy and precision with the development of modern imaging techniques including CT scan, MRI, and PET scan.is expected to contribute to market revenue growth. Besides this, an increase in concussion imaging adoption, as well as an increased awareness of concussions' long-term effects and the importance of early detection and treatment will boost market revenue growth.
Market Segmentation Growth Plus Reports has analyzed the global concussion imagingmarket from four perspectives: Type, End User, and Region.
Type Segmentation: Based on the material, the concussion imaging market is segmented into computed tomography (CT) scans, magnetic resonance imaging (MRI) devices, X-rays, positron emission tomography (PET) scans, and others. The magnetic resonance imaging (MRI) devices segment dominates the market with the largest revenue share because of the increasing public awareness of the long-term effects of concussion and the need of early diagnosis and care.
End User Segmentation: Based on the end user, the concussion imagingmarket is segmented into hospitals & clinics, diagnostic centers, research institutes, and others. The hospitals & clinics segment dominates the market with the largest revenue share because of the availability of modern diagnostic and treatment technology, as well as specialized medical professionals such as neurologists and neurosurgeons.
Regional Growth Dynamics Based on the region, the global concussion imaging market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominates the global concussion imaging market with the largest revenue share. The rising prevalence of concussions caused by road accidents and sports injuries, increased government programs and awareness campaigns, increased market partnerships, mergers, and acquisitions, technology advances, and sophisticated healthcare infrastructure are the major factors responsible for North America's significant revenue share in the global market.
Competitive Landscape The following companies are important players in the global concussion imaging market:
Medtronic Plc
Elekta AB
Compumedics Limited
Abbott Laboratories Inc.
NovaSignal Corporation
Integra Lifesciences
Raumedic AG
Nihon Kohden Corporation
BrainScope Company Inc.
InfraScan, Inc.
BioDirection, Inc.
NanoDiagnostics, Inc
There is moderate competition in the concussion imaging market. To introduce novel drugs and products, the major players in the market emphasize research and development. Major companies often engage in mergers and acquisitions to enhance their market share.
Recent developments:
BrainBox Solutions Inc., a Richmond biotech that develops an artificial intelligence-enabled concussion test, obtained a broad patent from the US Patent and Trademark Office in March 2022 for a collection of eight biomarkers correlating to MRI scan findings.
General Dynamics Information Technology (GDIT), a General Dynamics commercial unit, stated in December 2022 that the Defense Health Agency (DHA) had awarded them a $84 million contract to assist the Traumatic Brain Injury Center of Excellence (TBICoE). The contract has an eight-month base period and three option years.
Table of Content
INTRODUCTION
Market Ecosystem
Timeline Under Consideration
Historical Years – 2021
Base Year – 2022
Forecast Years – 2023 to 2031
Currency Used in the Report
RESEARCH METHODOLOGY
Research Approach
Data Collection Methodology
Data Sources
Secondary Sources
Primary Sources
Market Estimation Approach
Bottom Up
Top Down
Market Forecasting Model
Limitations and Assumptions
PREMIUM INSIGHTS
Current Market Trends (COVID-19 Perspective)
Key Players & Competitive Positioning (2022)
Regulatory Landscape
MARKET DYNAMICS
Drivers
Restraints/Challenges
Opportunities
GLOBAL CONCUSSION IMAGING MARKET- ANALYSIS & FORECAST, BY TYPE
Computed Tomography (CT) Scan
Magnetic Resonance Imaging (MRI) Devices
X-ray
Positron Emission Tomography (PET) Scans
Others
GLOBAL CONCUSSION IMAGING MARKET- ANALYSIS & FORECAST, BY END USER
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